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. https://www.embroker.com/blog/insurance-for-data-breaches
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SHARESHARESHARE
MANAGING THE RISK OF DATA BREACHES WITH INSURANCE
Every day more than 6 million data records are compromised, and even though cybersecurity spending is rapidly increasing, cases of data breaches are at an all-time high. Additionally, data breaches are becoming more and more expensive, with the average cost reaching $3.86 million per occurrence in 2018. Having adequate data breach insurance, also known as network security and privacy liability coverage, is a paramount consideration for organizations of all sizes and industries, but particularly those whose business model is dependent upon online interactions and transactions. READ MORE